WHA (ASX) Sold

Originally posted by shamall: ↑

Here is a reply I got from George some weeks ago......I have concerns re: sales too.....however, their strategy makes sense but this doesn't guarantee success but i am willing to give the company time. (I am sure George would be happy for me to share this with shareholders)

I make the following comments in regard to your email. 1. In regard to sales please refer to the Announcement dated 31 January 2019, that refers to the fact that WHA is going through a major transformation in its product offerings. WHA has ceased producing conventional nutritional dairy products and converting to wholly Australian organic nutritional dairy products. WHA will be the first truly Australian Organic Nutritional Dairy Company, using 100% Australian fresh organic milk from the Organic Dairy Farmers of Australia. First product of this unique range will be available in both the domestic market and international market in April 2019. Please note the current SAMR accreditation is for conventional infant formula and WHA will manufacture this product and at the appropriate time will convert this to the organic range. 2. In regard to the proposed transaction to acquire majority ownership in Blend and Pack, this will strengthen the Balance Sheet as Total Assets will be circa $170 million with Net Assets off circa $125 million. In regard to the proposed debt facility this has been aligned with the loan provided by WHA to CBDG to build the first dedicated organic nutritional spray dryer in the Southern Hemisphere. That is the interest and the repayment of principal will be serviced by the current loan CBDG has with WHA. No financial resources form normal WHA operations will be required to service the new proposed loan and further Blend and Pack is a profitable business and WHA will be receiving dividends to further strengthen the finances of WHA. 3. In regard to SAMR, WHA is confident of obtaining SAMR but at the same time is not just concentrating its efforts in China. We have successfully registered products in many different markets and continue to look for new opportunities. We will be finalising distribution in new markets once we receive first product of our organic nutritional dairy range. Please be also aware we have secured committed contracts for WHA’s baby food range in both China and India

Expand

Thanks for sharing that feedback, Shamall. It is difficult when you see other IF company's with less potential increasing in share price and leaving Wattle behind. However, when one compares marketcaps and potential, I know where I'd rather have my money.

PME

Pro Medicus signs landmark $330M deal to roll out imaging platform in US hospitals

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

SHN

Chimeric clocks $4.17M R&D tax rebate from Canberra

OCN

Southern Cross Gold zooms in on 9 new high-grade zones above 20g/t at Golden Dyke

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Chaos reigns markets – so let's take stock of where we're at ahead of December

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

MTM

Thanks for sharing that feedback, Shamall. It is difficult when...

Pro Medicus signs landmark $330M deal to roll out imaging platform in US hospitals

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

Chimeric clocks $4.17M R&D tax rebate from Canberra

Southern Cross Gold zooms in on 9 new high-grade zones above 20g/t at Golden Dyke

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Chaos reigns markets – so let's take stock of where we're at ahead of December

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Australian Rare Earths bullish on early-stage uranium potential at Overland, SA

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Watchdog takes Webjet to court over alleged 'false' flight prices with hidden fees

Thanks for sharing that feedback, Shamall. It is difficult when...

Top Stories

Pro Medicus signs landmark $330M deal to roll out imaging platform in US hospitals

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

Chimeric clocks $4.17M R&D tax rebate from Canberra

Southern Cross Gold zooms in on 9 new high-grade zones above 20g/t at Golden Dyke

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Chaos reigns markets – so let's take stock of where we're at ahead of December

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Australian Rare Earths bullish on early-stage uranium potential at Overland, SA

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Watchdog takes Webjet to court over alleged 'false' flight prices with hidden fees